Gujarat has the highest trust on investment and development projects – RBI report - Newztezz Online


Sunday, August 20, 2023

Gujarat has the highest trust on investment and development projects – RBI report

This report of RBI is like a big achievement for Gujarat. This is the reason why the Bhupendra Patel government of the state is planning to organize the tenth edition of the Vibrant Gujarat Global Summit in January 2024. Through the event, Gujarat will be able to attract investment on a large scale.

Banks and financial institutions of the country have once again expressed maximum confidence in the development projects of Gujarat, which has its identity as the most favorite investment destination in India. In the recently released bulletin of the month of August, RBI has told that in the year 2022-23, the maximum number of 82 development projects in Gujarat have been sanctioned funds from banks and financial institutions in the country. Maharashtra is at the second position with 48 projects and Uttar Pradesh at the third position with 45 projects in this category.

692 projects of Gujarat got funds in 10 years

However, Gujarat ranks second in the country with a share of 14 per cent in the total cost of projects sanctioned by banks/financial institutions. According to the RBI bulletin, in the last 10 years i.e. between 2013-14 to 2022-23, the country's banks and financial institutions have had maximum faith in Gujarat's development projects. In the last 10 years, 692 development projects of Gujarat have received funds. This number is the highest number of development projects receiving funds in any state.

Credit given to the guidance of Prime Minister Narendra Modi

It is believed that in the last 10 years, Gujarat has got comprehensive guidance from Prime Minister Narendra Modi. This is the reason why the state government is seeing this report of RBI as a big achievement. The Gujarat government believes that these figures for the year 2022-23 and this achievement of the last 10 years are due to the state's investment-friendly policy, industry-friendly environment and the state's biggest investor summit 'Vibrant Gujarat Global Investment Summit' as well as the guidance of the Prime Minister. is also.

10th Vibrant Gujarat Global Summit to be organized in 2024

Gujarat Chief Minister Bhupendra Patel is planning to organize the tenth Vibrant Gujarat Global Summit in January 2024. At such a time, this achievement of Gujarat is very important for the upcoming Vibrant Summit. These figures can prove beneficial for the success of this program. Through the Vibrant Gujarat 2024 event, once again Gujarat is preparing to attract large scale investment and development projects. This report of RBI will certainly encourage investors to invest in Gujarat.

(Press release)

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